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Faquin Law Blog

Archive for May, 2014

Mortgage Debt Increasing for Baby Boomers

Posted on: May 16th, 2014 by Charles Faquin No Comments

In a break from traditional trends, the percentage of Americans age 65 or older with mortgage debt is increasing. Baby Boomers are working longer than their parents did to pay off debts, and some are forced to use retirement savings and fixed incomes to pay off their homes. CFPB Study on Mortgage Debt of Seniors… Read More »

Foreclosure Law Created by the Revamped Regulations X & Z

Posted on: May 8th, 2014 by Charles Faquin No Comments

Amendments to Regulation X & Z In 2013, the Consumer Financial Protection Bureau issued a new set of rules to regulate the mortgage servicing industry. These new rules, which became effective on January 10, 2014, were created through a series of amendments to Regulation X that implements the Real Estate Settlement & Procedures Act (RESPA)… Read More »